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home / news releases / SOMA:CC - Soma Gold seeing record numbers as company reports production and 1Q results

SOMA:CC - Soma Gold seeing record numbers as company reports production and 1Q results

Soma Gold Corp.

--News Direct--

Soma Gold CEO Javier Cordova joined Steve Darling from Proactive to share news the company has announced the its first-quarter production and financial results.

Cordova telling Proactive Soma achieved 1Q gold sales of 6,448 ounces, an increase of 52% from 1Q 2022 and the second-highest sales number in its history. The company also saw net income of $1.2 million on revenue of $16 million.

Cordova also shared with Proactive the company set another monthly gold production record of 3,035 ounces of gold in May, with the gold recovery sitting at 88%. The company is looking to achieve a recovery rate exceeding 90% by the end of 2024.

Contact Details

Proactive Canada

+1 604-688-8158

na-editorial@proactiveinvestors.com

View source version on newsdirect.com: https://newsdirect.com/news/soma-gold-seeing-record-numbers-as-company-reports-production-and-1q-results-664163450

Stock Information
Company Name: Soma Gold Corp.
Stock Symbol: SOMA:CC
Market: TSXVC
Website: somagoldcorp.com
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